MRA Advisory Group Cuts Stock Holdings in Palantir Technologies Inc. $PLTR

MRA Advisory Group lowered its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 53.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 5,259 shares of the company’s stock after selling 6,042 shares during the quarter. MRA Advisory Group’s holdings in Palantir Technologies were worth $614,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in PLTR. Basepoint Wealth LLC bought a new position in Palantir Technologies during the 4th quarter valued at about $29,000. Morton Brown Family Wealth LLC grew its stake in shares of Palantir Technologies by 250.0% in the fourth quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock worth $31,000 after acquiring an additional 125 shares during the period. Cornerstone Financial Management LLC bought a new stake in shares of Palantir Technologies in the fourth quarter worth approximately $31,000. Wexford Capital LP bought a new stake in shares of Palantir Technologies in the third quarter worth approximately $36,000. Finally, Prudent Man Investment Management Inc. purchased a new position in shares of Palantir Technologies during the fourth quarter valued at approximately $35,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Palantir Technologies

Here are the key news stories impacting Palantir Technologies this week:

• Positive Sentiment: Exceptional second-quarter results remain the primary catalyst. Palantir reported revenue of $1.94 billion, up 93% year over year and ahead of the $1.81 billion consensus estimate. Strong U.S. commercial growth, expanding margins and raised guidance reinforced expectations that demand for its Artificial Intelligence Platform (AIP) is translating into substantial customer contracts. Palantir’s stock stages best week since 2024 — showing it’s no longer an AI loser
• Positive Sentiment: Analysts are raising earnings expectations. Northland Securities lifted its FY2026 EPS forecast to $1.24 from $1.08 and its FY2027 estimate to $1.53 from $1.39, while also raising quarterly projections. The revisions suggest the earnings surge may be more durable than a one-quarter event. Northland Securities earnings estimates
• Positive Sentiment: A weaker-than-expected July jobs report boosted technology stocks. The data reduced expectations for a near-term Federal Reserve rate hike, supporting high-growth software valuations and helping agentic-AI peers rally alongside PLTR. SpaceX and Palantir lead tech stock rally after underwhelming jobs report
• Neutral Sentiment: Technical traders viewed the move above resistance near $160 as a potential breakout, which may be attracting momentum-oriented buying. Stock of the Day: Is Palantir Breaking Out?
• Negative Sentiment: Valuation and investor selling remain important risks. With a very high earnings multiple, the stock requires continued exceptional growth. Michael Burry continues to hold a bearish position, while ARK Invest trimmed its PLTR stake after the rally, signaling that some investors are taking profits. Why Michael Burry is still shorting Palantir

Insider Buying and Selling at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 3,032 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $165.00, for a total transaction of $500,280.00. Following the completion of the sale, the director owned 54,107 shares of the company’s stock, valued at $8,927,655. The trade was a 5.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Stephen Andrew Cohen sold 319,934 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $43,523,821.36. Following the completion of the sale, the insider owned 592 shares of the company’s stock, valued at $80,535.68. This trade represents a 99.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 1,115,302 shares of company stock valued at $150,748,065 in the last ninety days. Corporate insiders own 9.53% of the company’s stock.

Palantir Technologies Stock Up 10.3%

NASDAQ PLTR opened at $172.01 on Friday. Palantir Technologies Inc. has a 52 week low of $106.37 and a 52 week high of $207.52. The firm has a market capitalization of $412.36 billion, a P/E ratio of 147.02, a PEG ratio of 2.27 and a beta of 1.59. The company has a 50-day moving average price of $131.76 and a 200-day moving average price of $139.92.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.07. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The business’s quarterly revenue was up 92.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.16 EPS. As a group, equities research analysts anticipate that Palantir Technologies Inc. will post 1.24 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Wolfe Research began coverage on shares of Palantir Technologies in a research report on Tuesday. They set a “buy” rating on the stock. Royal Bank Of Canada reaffirmed an “underperform” rating and issued a $90.00 target price on shares of Palantir Technologies in a research report on Friday, July 31st. DA Davidson boosted their target price on shares of Palantir Technologies from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday. Argus raised Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a report on Wednesday, May 6th. Finally, William Blair started coverage on Palantir Technologies in a report on Tuesday. They set a “neutral” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $190.73.

Palantir Technologies Company Profile

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.